Most legit contractors will ask for a deposit if you hire them, but most investors say you shouldn't pay a deposit, which I think is terrible advice.

Kristina, honestly, this could be a solid first rental but only if a few things check out first.First thing — double check your numbers.It sounds like each side is paying $12,000 a year, so roughly $1,000/month.

Would this be a good first time purchase since it already has renters?

Does anybody know a lender they will fund in "rural" areas to a first timer?

If they don’t pay it will come out of the security deposit.

If not, consider creating a detailed savings plan to ensure you have the necessary capital when the time comes.

Working with an investor-friendly brokerage can be a big advantage for a first-time flipper. but only if you understand what value they actually bring and what you’re giving up in return.Here’s how to think about it:✅ Pros of using an investor-friendly brokerage1.

• Are there specific markets you’d recommend for a first-time investor looking for solid cash flow and manageable risk? 

I caution all my first-time clients that this will happen.

Quote from @Janene Haynes: Hi everyone,I’m a first-time investor and a single mom based in California.